Bitcoin (BTC) has stunned investors with all-time highs and year-to-date gains of up to 200% – but there are still stocks to beat.
As of Dec. 22, markets data shows that no fewer than five companies have given investors better rewards than Bitcoin’s position since early 2020.
Peloton Interactive Inc.
Setting itself first against Bitcoin and winning is an unlikely success story – maker of fitness equipment Peloton Interactive.
At 384% annual returns, $ PTON has achieved thanks significantly (most likely) to locking a lock that forces consumers to work at home rather than at the gym or outside. The company also offers online fitness classes in a nod to the same market.
Peloton remains small compared to Bitcoin overall, however, with a market cap of $ 42.4 billion.
Another player that benefits greatly from COVID-19 is biotech heavyweight Moderna, one of the companies developing a vaccine for the coronavirus.
With its product already being introduced at the end of December 2020, Moderna has emerged as one of the leading runners in immunization in the United States.
Not surprisingly, its stock has responded in kind with earnings to date of 619%, giving the company a market cap of $ 54.7 billion.
Zoom Video Communications Inc.
Already a household name this year, Zoom has exploded as the vehicle of choice for reshaping online office environments in 2020.
Despite debates over hacks and a tendency to downtime, Zoom’s software has allowed it to achieve a massive $ 116 billion market cap and 495% annual stock earnings.
If a vaccine gave governments confidence to allow physical offices to operate normally, however, the demand for home-working conference software may well decline.
Enphase Energy Inc.
In one of two records not entirely tied to the virus, Enphase Energy, a renewable energy management company, has made huge gains this year.
The company is still small with a market cap of just $ 21 billion, but in a formative 12 months, its stock has achieved earnings of nearly 490%.
Like the best performing stock of 2020 (see below), clean energy forms a popular market sector that is only just expanding despite questions about how far renewable energy can go in replacing fossil fuels across the global economy.
This month, Apple co-founder Steve Wozniak even launched an energy-saving business with his own ticket, WOZX.
Not surprisingly, but Tesla is by far the best performing stock of the year, rejecting any hint of a bubble month in, a month out.
The numbers are dizzying – 850% earnings so far, a market cap of nearly $ 620 billion and most recently access to the S&P 500.
Compared to Bitcoin’s 218%, $ TSLA looks like a unicorn never seen before, but priced at BTC, the stock looks decidedly less parabolic.
Meanwhile, Elon Musk, its CEO, continues to flirt with Bitcoin on social media, sparking wild speculation about possibly buying in or converting stock.
However, zoom out and Bitcoin remain the best performing asset of the decade. Even at the beginning of the year, with BTC / USD at $ 7,200, its dominance as an investment was undoubted.